Commissioner Trevor Potter, ColbertPAC was resurrected. With the addition of a simple cover letter, it transformed from regular old PAC to a "super PAC," which, sadly, is not, as Colbert suggests, "like a PAC that got bitten by a radioactive lobbyist."

, which can advocate for or against federal candidates but cannot coordinate with campaigns or political parties.

Thanks to the Supreme Court's Citizens United ruling, super PACs can raise unlimited sums of money from corporations, labor unions, individuals and associations, but they must disclose those donations to the FEC.

The Colbert Report: bringing the absurdity of campaign finance regulations to its rightful place—late night comedy. Check out the clip below.